Common use of Making Purchases Clause in Contracts

Making Purchases. (a) Seller may request a purchase (but not reinvestment) of undivided percentage ownership interests with regard to the Purchased Interest hereunder to be made in cash on any day upon the Seller’s irrevocable written notice in the form of Annex B (each, a “Purchase Notice”) delivered to the Administrator and each Purchaser Agent in accordance with Section 5.2 (which notice must be received by the Administrator and each Purchaser Agent before noon, New York time) at least one Business Day before the requested Purchase Date, which notice shall specify, (A) the amount requested to be paid to the Seller (such amount, which shall not be less than $2,500,000 (or such lesser amount as agreed to by the Administrator and each Purchaser Agent) and shall be in integral multiples of $250,000 in excess thereof, being the Capital relating to the undivided percentage ownership interest then being purchased with respect to each Purchaser Group), (B) the date of such purchase (which shall be a Business Day), and (C) the pro forma calculation of the Purchased Interest after giving effect to the increase in the Aggregate Capital resulting from such purchase.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Owens Corning), Receivables Purchase Agreement (Owens Corning), Receivables Purchase Agreement (Owens Corning)

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Making Purchases. (a) Seller may request a purchase Each Funded Purchase (but not reinvestment) of undivided percentage ownership interests with regard to the Purchased Interest hereunder to may be made in cash on any day upon the Seller’s irrevocable written notice in the form of Annex B B-1 (each, a “Purchase Notice”) delivered to the Administrator and each Purchaser Agent in accordance with Section 5.2 6.2 (which notice must be received by the Administrator and each Purchaser Agent before noon2:00 p.m., New York City time) at least one two Business Day Days before the requested Purchase Date, which notice shall specify, : (A) solely in the case of a Funded Purchase, the amount requested to be paid to the Seller (such amount, which amount shall not be less than $2,500,000 200,000 (or such lesser amount as agreed to by the Administrator and each Purchaser AgentAdministrator) and shall be in integral multiples of $250,000 100,000 in excess thereof, being the Capital relating to the undivided percentage ownership interest then being purchased ) with respect to each Purchaser Group)Group in connection with such Funded Purchase, (B) the date of such purchase Funded Purchase (which shall be a Business Day), ) and (C) the pro forma calculation of the Purchased Interest after giving effect to the increase in the Aggregate Capital resulting from such purchaseFunded Purchase.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Cloud Peak Energy Inc.), Receivables Purchase Agreement (Cloud Peak Energy Inc.)

Making Purchases. (a) Seller may request a Each purchase (but not reinvestment) of undivided percentage ownership interests with regard to the Purchased Interest hereunder to shall be made in cash on any day upon the Seller’s irrevocable written notice in the form of Annex B (each, a the “Purchase Notice”) delivered to the Administrator and each Purchaser Agent in accordance with Section 5.2 1.2 (which notice must be received by the Administrator and each Purchaser Agent before noon11:00 a.m., New York Chicago time) at least one three Business Day before Days prior to the requested Purchase Datedate of purchase, which notice shall specify, : (A) the amount requested to be paid to the Seller (such amount, which shall not be less than $2,500,000 (or such lesser amount as agreed to by the Administrator and each Purchaser Agent) 500,000 and shall be in integral multiples of $250,000 100,000 in excess thereof, being the Capital relating to the undivided percentage ownership interest then being purchased with respect to each Purchaser Grouppurchased), (B) the date of such purchase (which shall be a Business Day), and (C) the pro forma calculation of the Purchased Interest after giving effect to the increase in Capital. If the Aggregate Capital resulting from Agent, in its sole discretion, approves such purchase, the Agent shall promptly (but in any event, prior to 1:00 p.m. (Chicago time) on such date) notify each Purchaser of the Agent’s receipt of such notice and the amounts of the requested aggregate purchase thereunder (and each such Purchaser’s Pro Rata Share thereof).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Aar Corp)

Making Purchases. (a) Seller may request a purchase (but not reinvestment) of undivided percentage ownership interests with regard to the Purchased Interest hereunder to be made in cash on any day upon the Seller’s irrevocable written notice in the form of Annex B (each, a “Purchase Notice”) delivered to the Administrator and each Purchaser Agent in accordance with Section 5.2 (which notice must be received by the Administrator and each Purchaser Agent before noon, New York time) at least one Business Day before the requested Purchase Date, which notice shall specify, (A) the amount requested to be paid to the Seller (such amount, which shall not be less than $2,500,000 (or such lesser amount as agreed to by the Administrator and each eachthe Majority Purchaser AgentAgentAgents) and shall be in integral multiples of $250,000 in excess thereof, being the Capital relating to the undivided percentage ownership interest then being purchased with respect to each Purchaser Group), (B) the date of such purchase (which shall be a Business Day), and (C) the pro forma calculation of the Purchased Interest after giving effect to the increase in the Aggregate Capital resulting from such purchase.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Owens Corning)

Making Purchases. (a) Seller may request Each Purchase (other than a purchase reinvestment contemplated under Section 1.4(b)(ii)) (but not reinvestmenta “Funded Purchase”) of undivided percentage ownership interests with regard to the Purchased Interest hereunder to shall be made in cash on any day upon the Seller’s irrevocable written notice in the form of Annex B (each, a “Purchase Notice”) delivered to the Administrator and each Purchaser Agent in accordance with Section 5.2 6.2 (which notice must be received by the Administrator and each Purchaser Agent before noon2:00 p.m., New York City time) at least one two Business Day Days before the requested Purchase Date, which notice shall specify, : (A) the amount requested to be paid to the Seller (such amount, which amount shall not be less than $2,500,000 $ 1,000,000 (or such lesser amount as unless otherwise agreed to by the Administrator and each Purchaser AgentAdministrator) and shall be in integral multiples of $250,000 100,000 in excess thereof, being the Capital relating to the undivided percentage ownership interest then being purchased ) with respect to each Purchaser Group)Group in connection with such Funded Purchase, (B) the date of such purchase Funded Purchase (which shall be a Business Day), ) and (C) the pro forma calculation of the Purchased Interest after giving effect to the increase in the Aggregate Capital resulting from such purchaseFunded Purchase.

Appears in 1 contract

Samples: Receivables Purchase Agreement (TransDigm Group INC)

Making Purchases. (a) Seller may request a purchase (but not reinvestment) of undivided percentage ownership interests with regard to the Purchased Interest hereunder to be made in cash on any day upon the Seller’s irrevocable written notice in the form of Annex B (each, a “Purchase Notice”) delivered to the Administrator and each Purchaser Agent in accordance with Section 5.2 (which notice must be received by the Administrator and each Purchaser Agent before noon, New York time) at least one Business Day before the requested Purchase Date, which notice shall specify, (A) the amount requested to be paid to the Seller (such amount, which shall not be less than $2,500,000 (or such lesser amount as agreed to by the Administrator and each the Majority Purchaser AgentAgents) and shall be in integral multiples of $250,000 in excess thereof, being the Capital relating to the undivided percentage ownership interest then being purchased with respect to each Purchaser Group), (B) the date of such purchase (which shall be a Business Day), and (C) the pro forma calculation of the Purchased Interest after giving effect to the increase in the Aggregate Capital resulting from such purchase.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Owens Corning)

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Making Purchases. (a) Seller may request a purchase Each Funded Purchase (but not reinvestment) of undivided percentage ownership interests with regard to the Purchased Interest hereunder to may be made in cash on any day upon the Seller’s irrevocable written notice in the form of Annex B (each, a “Purchase Notice”) delivered to the Administrator and each Purchaser Agent in accordance with Section 5.2 (which notice must be received by the Administrator and each Purchaser Agent before noon11:00 a.m., New York City time) at least one two Business Day Days before the requested Purchase Date, which notice shall specify, : (A) solely in the case of a Funded Purchase maintained by Capital, the amount requested to be paid to the Seller (such amount, which shall not be less than $2,500,000 300,000 (or such lesser amount as agreed to by the Administrator and each Purchaser AgentAdministrator) and shall be in integral multiples of $250,000 100,000 in excess thereof, being the Capital relating to the undivided percentage ownership interest then being purchased with respect to each Purchaser Grouppurchased), (B) the date of such purchase Funded Purchase (which shall be a Business Day), and (C) the pro forma calculation of the Purchased Interest after giving effect to the increase in the Aggregate Capital resulting from such purchaseCapital.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Arch Coal Inc)

Making Purchases. (a) Seller may request a purchase Each Funded Purchase (but not reinvestment) of undivided percentage ownership interests with regard to the Purchased Interest hereunder to may be made in cash on any day upon the Seller’s irrevocable written notice in the form of Annex B (each, a “Purchase Notice”) delivered to the Administrator and each Purchaser Agent in accordance with Section 5.2 6.2 (which notice must be received by the Administrator and each Purchaser Agent (i) before noon, 12:00 Noon New York timeCity time on the requested Purchase Date for a Funded Purchase equal to or less than $50,000,000 and (ii) before 2:00 p.m. New York City time for all other Funded Purchases at least one (1) Business Day before the requested Purchase Date), which notice shall specify, : (A) in the case of a Funded Purchase (other than one made pursuant to Section 1.15(b)), the amount requested to be paid to the Seller by each Purchaser Group (such amount, which which, with respect to Dollar Purchases, shall not be less than $2,500,000 300,000 (or such lesser amount as agreed to by the Administrator and each Purchaser AgentAdministrator) and shall be in integral multiples of $250,000 100,000 in excess thereofthereof and, being the Capital relating to the undivided percentage ownership interest then being purchased with respect to each Purchaser Group), (B) the date of such purchase (which shall be a Business Day), and (C) the pro forma calculation of the Purchased Interest after giving effect to the increase in the Aggregate Capital resulting from such purchase.respect

Appears in 1 contract

Samples: Receivables Purchase Agreement (Avantor, Inc.)

Making Purchases. (a) Seller may request a purchase Each Funded Purchase (but not reinvestment) of undivided percentage ownership interests with regard to the Purchased Interest hereunder to may be made in cash on any day upon the Seller’s irrevocable written notice in the form of Annex B (each, a “Purchase Notice”) delivered to the Administrator and each Purchaser Agent in accordance with Section 5.2 6.2 (which notice must be received by the Administrator and each Purchaser Agent before noon2:00 p.m., New York City time) at least one two Business Day Days before the requested Purchase Date, which notice shall specify, : (A) the amount requested to be paid to the Seller (such amount, which amount shall not be less than $2,500,000 200,000 (or such lesser amount as agreed to by the Administrator and each Purchaser AgentAdministrator) and shall be in integral multiples of $250,000 100,000 in excess thereof, being the Capital relating to the undivided percentage ownership interest then being purchased ) with respect to each Purchaser Group)Group in connection with such Funded Purchase, (B) the date of such purchase Funded Purchase (which shall be a Business Day), ) and (C) the pro forma calculation of the Purchased Interest after giving effect to the increase in the Aggregate Capital resulting from such purchaseFunded Purchase.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Cloud Peak Energy Resources LLC)

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